Judge Fernando Cesar Ferreira Viana, who is based in Rio de
Janeiro, also tapped law firm Arnoldo Wald to work alongside
PricewaterhouseCoopers on the in-court reorganization of Oi,
according to a statement published on the court's website.

An in-court administrator usually looks after the interests
of creditors in the company under bankruptcy protection during
the process.

Industry sources have said PricewaterhouseCoopers, a
household name in global insolvency cases, has not advised on
any of Brazil's biggest bankruptcy protection cases since the
firm began working on the segment two years ago.

Oi shareholders earlier on Friday reiterated their support
for efforts by the management of Brazil's largest fixed-line
phone carrier to pursue an in-court reorganization, which would
be the country's biggest ever.